The new federal Juneteenth holiday falls on June 19, but as with other federal holidays that fall on a weekend the official observance is shifted to the neighboring weekday, in this case June 20.
The SPDR S&P 500 (ARCA: SPY) officially entered bear market territory this week after falling more than 20% from the highs. As analysts begin to revise earnings estimates for the coming quarters, one investor says sentiment has become too negative.
Nike (NYSE:NKE) has outperformed the market over the past 15 years by 9.0% on an annualized basis producing an average annual return of 15.24%. Currently, Nike has a market capitalization of $177.10 billion.